Popular East Side Bar and Grill – Rochester

• A popular east side Bar and Grill located off a busy New York State Interstate
• It has been in operation since 2011
• Features a delicious American cuisine menu
• There is a large bar area with a separate dining room for seating up to 150 customers
• There is also a large outdoor patio area with seating for up to 100 customers
• It has a very loyal clientele with consist sales of over $ One Million Dollars every year
• All of the equipment is in very nice operating condition
• Has a large well-lit parking lot
• Current hours that this restaurant is open Sunday – Saturday 11:30 AM – 2 AM

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

• Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 75,000
• Inventory of $ 15,000 at cost

 LEASE ARRANGEMENTS:

Negotiable term lease at a base rent of $ 6,500 (triple net), plus property tax averaging an additional $ 1200 a month

SALES AND SELLERS DISCRETIONARY EARNINGS:                                   

                     2020                            2019                   2018                2017

Sales:       $1,076,945        $ 1,356,769        $ 1,332,991     $ 1,236,894

Cash Flow (SDE):

$     87,776        $    184,661        $    198,095   $    195,935

 PRICE/FINANCING:

• The asking price is $ 325,000
• Financing is available to a qualified buyer with at least $ 100,000 down
• Property is available at a price of $ 475,000 and seller will finance with 20% down.

 COMMENTS:

This east side location is the key here. After 10 years, the owner looking to retire.